Lingering Lawsuits

Splits and Caps Daily: Action for Agents

May 5, 2025

📈 Market Move:

Settling Down

Another one bites the dust. Howard Hanna — the biggest family-owned brokerage in the country — just tapped out and settled in the ongoing Gibson commissions lawsuit. Terms weren’t disclosed, but that’s not the point. The real story? We’re down to just two major holdouts: Crye-Leike and Warren Buffett’s Berkshire Hathaway Energy (yep, the parent of HomeServices of America).

Meanwhile, other settlements are either approved or being challenged — and over $110 million has already changed hands from past deals. The legal drama is still hot, but the trend is clear: resistance is fading, the dominos are falling, and the commission landscape? It's getting re-written in real time.

Bottom line: If you’re a brokerage or agent still pretending this lawsuit won’t touch your business… you’re living in 2022.

🌟Quote of the Day:

"Your future is created by what you do today, not tomorrow." — Robert Kiyosaki

📊🤔 Agent Poll Results

On 5/2, we asked: If your state scrapped the real estate commission, would that be a win or a total dumpster fire?

The results are in!

• A) Burn it down—less red tape, more freedom: 14%

• B) Terrible idea—who’s going to keep the amateurs in check?: 86%

• C) Don’t care—as long as my deals close and checks clear: 0%

• D) Wait... we have a real estate commission?: 0%

Whoa, the results are clear—you guys think someone needs to babysit the amateur agents! Thanks for chiming in.

🎉 Fun Fact of the Day: 

Golden Gamble: Las Vegas Was Built on a Land Flip. It was just a dusty train stop… until a land auction in 1905 sold off 110 acres. Basically, someone bought a patch of desert, squinted, and said, “I see casinos.”

📚 Book Recommendation:

“Exactly What to Say: The Magic Words for Influence and Impact” by Phil M. Jones—Look, most people think they’re good with words. But then they try to sell something, negotiate a deal, or pitch an idea… and they flop harder than a crypto bro launching an NFT in 2025. Phil M. Jones fixes that.

This book isn’t fluffy theory. It’s a tight, tactical playbook of magic phrases that unlock influence — the kind of stuff that makes people nod, agree, and say, “Yup, let’s do it.” Whether you're closing a client, following up with a lead, or convincing your kid to eat broccoli… this book gives you the cheat codes.

Bottom line: In business, the right words make the difference between "let me think about it" and "where do I sign?" This book hands you those words on a silver platter. Use them wisely.

Done > perfect. Perfection’s broke, shipping’s rich.

What did you think of today’s edition?
Hit ‘reply’ to this email and let us know!